Money laundering is converting money or other monetary instruments obtained from illegal practices into money or making investments that appear legitimate. Local and global laws applicable to companies whose users can make deposits and withdrawals from their accounts.
TruvaFx strictly follows the conditions of the anti-terrorism financing policy carried out against money laundering activities and wants the company's employees to fully comply with these standards. For this reason, the Firm takes all necessary measures to find and oppose money laundering and terrorist financing. Internal rules are observed in accordance with relevant global requirements. TruvaFx money laundering procedures Transactions Performed The purpose of anti-money laundering procedures carried out by TruvaFx is to ensure that users engaged in certain applications are identified within a reasonable standard, while minimizing the compliance burden and impact on legitimate users. TruvaFx is dedicated to supporting governments around the world in the fight against financing terrorist activities and money laundering. For this reason, TruvaFx has developed a highly effective state-of-the-art electronic system. Thanks to this system, customer identity data is documented and verified, and detailed records of all transactions are tracked and kept. TruvaFx carefully monitors suspicious and important transaction movements and reports such activities to law enforcement agencies that provide “timely and comprehensive information”. In order to protect the structure of reporting systems and to protect businesses, the legal framework provides legal protection to such information providers. In order to minimize the risks against money laundering and financing terrorist activities, TruvaFx never takes cash deposits or performs cash payments. TruvaFx reserves the right not to approve any transaction at any stage that it considers to be linked to money laundering or criminal practices by any means. TruvaFx is prohibited from reporting suspicious activity to users. Identification and verification of customers To ensure compliance with anti-money laundering laws, TruvaFx requires two types of documents to verify the identity of the customer. The first document we request is a government-issued document describing the document with the user's photo on it. A government-issued passport, driver's license (for countries where a driver's license is considered the primary identity document) or local ID card may also be valid. The second document we request is an invoice that includes the investor's personal address and the correct address published at least 3 months ago. An invoice, bank statement, statement, or other document from a globally recognized organization with the investor's address and name is also valid. In order to make changes to the phone number associated with the Investor Profile, the firm's investors must maintain a document confirming that they have a current phone number (a mobile operator agreement) and a photo of the user's identity next to their face. The user's individual information will be the same in these two documents. Company users are required to submit their updated identity and contact information on time as soon as the change is made. Documents in non-Western mail must be translated into English by the official translator; The translation should be stamped and signed by the translator and sent with a clear picture of the customer and the original document. Payment Policy: Deposits and Withdrawals Please note that refunds to Skrill payment method and debit cards are illegal. In order to make a withdrawal from a trading account using one of these methods, funds will be sent to your wallet within 3 working days. If money is lost while processing the transaction, a refund cannot be made using the cashback method. We recommend that you read the risk disclosures before starting trading. TruvaFx requires that all accounts with the name of the logged out user come from their own name that matches the name of the user in our records. Third party payments are not accepted. On behalf of withdrawals, withdrawals can be made when received from the same account and in the same format. For withdrawals with the name of the recipient, the name must exactly match the name of the user on our records. If the deposit was made by wire transfer, funds can only be withdrawn by wire transfer to the same bank and account of origin. If the deposit was made by electronic money transfer method, funds can only be withdrawn using the same system and electronic money transfer method from the account from which they originated. The Firm accepts deposits in the following currencies: USD, EUR, CHF, AED, RUB, INR, MYR, IDR, BRL, ARS. In order to fulfill TRY procedures, AML is a currency used for withdrawals only for deposits.must be performed in the If you have any problems, please contact us via e-mail: —————–